Quick Look: USD/CAD’s recent drop to 1.3640 was influenced by a weaker
Quick Look: Germany, Europe’s economic powerhouse, faced unique challenges last year, including a loss of Russian gas and spiked energy costs. Despite challenges, certain sectors, like auto production, showed resilience with significant growth. The
Quick Look: BoE has decided to keep the interest rate unchanged at 5.25%. 7 out of 9 members supported the decision. GBP/USD saw fluctuations, trading between 1.2600 and 1.2500, with a slightly bearish market sentiment. The BoE signals caution
Quick Look: USD/CHF at pivot 0.9060: Shows neutral intraday bias, bullish if above 0.9014. Economic Indicators: The US Dollar is robust; Swiss unemployment is stable at 2.3%. Market Outlook: Short-term optimism; critical watch on 0.9243 for medium-term trends. Today,
Quick Look: USD/JPY pair exhibited significant fluctuations, currently around 154.75, navigating through resistance at 106.10. Steady U.S. rates and BoJ’s historic hike influence the pair’s dynamics amid global economic developments. Strong USD trend with potential Japanese interventions if JPY
Quick Look: The NZD/USD is bullish, with key indicators like RSI and MACD showing upward momentum. Long-term indicators suggest a looming bearish outlook despite the current bullish swing. The currency pair is eyeing the 0.6070 target, with support at
Quick Look: US House passed a bill requiring ByteDance to divest TikTok US operations within a year. Bill’s failure may impact the US economy significantly; ByteDance’s revenues are substantial. Strong opposition from TikTok and potential legal challenges if the
Quick Look: The People’s Bank of China will likely maintain key rates; any changes could influence AUD significantly. AUD/USD shows bearish trends; key resistance is $0.64582, and support is $0.62713. Australian and US inflation figures due this week could
Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement. Cautious investor sentiment due to US inflation, geopolitical
Quick Look: Gold (XAU) prices rose by Rs 10 per 10 grams, and silver increased by Rs 100 per kilogram in India. Global issues, notably Middle East conflicts, pushed USold to $2,369.93 per ounce. Market sentiment shows that 78%
Quick Look: Germany, Europe’s economic powerhouse, faced unique challenges last year, including a loss of Russian gas and spiked energy costs. Despite challenges, certain sectors, like auto production, showed resilience with significant growth. The labour market reflects gender disparity; reforms aim for full-time work and digital infrastructure to boost
Quick Look: The Francis Scott Key Bridge in Baltimore collapsed after a massive container ship strike. Daily wage loss is estimated at $2 million, affecting 8,000 jobs and disrupting cargo worth up to $200 million. President Biden seeks federal funding for rebuilding, highlighting the Bipartisan Infrastructure Law’s role.
Quick Look: France’s public deficit climbed to 5.5% of GDP in 2023, beyond the set target of 4.9%. The French government sets a reduction target for the deficit to less than 3% by 2027. Macron’s visit to Brazil emphasizes strengthening economic ties, focusing on green investment and defence
Quick Look New Zealand’s economic contraction by 0.1% in the last quarter of 2023. The per capita economy shrank by 0.7% in the same period. A record migration intake of 141,000 in 2023 amidst economic downturns. The upcoming national budget may introduce significant adjustments in response to the
In the vast tapestry of economic phenomena, few concepts capture the complexity and nuance of our economic system quite like biflation. This term, coined by Dr. F. Osborne Brown in 2003, offers a window into an economic anomaly that defies conventional wisdom. The term tells the story of
Quick Look Japan now ranks as the world’s fourth-largest economy, trailing behind Germany. The country’s GDP contracted in the last quarter of 2023, with an annual shrinkage of 0.4%. Economic growth slowed to 1.9%